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US job growth remained sluggish in November, and the unemployment rate rose to a four-year high of 4.6% (Bureau of Labor Statistics data out today), up 120 basis points (bps) from the April 2023 low of 3.4%. A 120-bps rise … Continue reading →

The Bank for International Settlements (BIS), the central bank of central banks globally, warns in its December 2025 Quarterly Review that a rare, simultaneous bubble in the price of stocks and gold has increased financial risks and the prospect of … Continue reading →

Lots of disturbing news this morning, fortunately, there are also positive developments. As endless video content and computing devour more and more power, renewable sources and battery storage to balance demand are an obvious evolution. Interestingly, people often cite payback … Continue reading →